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Beyond Balance Sheet: Strategic role of CFOs in insurance industry
True leadership in finance is not just about preserving value, it...
India’s Cloudburst Challenges:Insurance gaps & Future safeguards
The entire Himalayan belt is increasingly vulnerable to...
Ascending Aviation Insurance
Though the uninterrupted historical downward trend in air travel accidents,is likely to continue and so reduce the frequency of claims for insurers, claims severity has gone in the opposite direction, as aircraft become increasingly valuable due to growing complexity...
Aadhaar: India’s ID system risks widespread fraud
Andy Mukherjee Indian Prime minister Modi’s new welfarism rests on Aadhaar. But if there are cracks in the edifice, they need to be acknowledged — not to frighten users away, but to make them more aware. At the same time, India needs a strong data protection law....
Corporate Health Cover: 10 necessary add-ons
Now, even Indian insurers are open to the idea of covering LBGTQ and live in partners under a corporate cover. Companies are increasingly opting for these covers in line with growing expectations for inclusivity in the workplace. New age companies are increasingly...
Japan: Achieving one of the world’s lowest Covid-19 death rates
A core pillar supporting the low death rate was the underlying good health of Japan’s population. The country has the longest life expectancy in the world, and was one of only six OECD members not to see a reduction in 2020. Just 5% of Japanese people are obese, one...
Businesses need to prepare for a rise in social unrest incidents: Allianz
Strikes, riots and violent protest movements pose risks to companies because in addition to buildings or assets suffering costly material damage, business operations can also be severely disrupted with premises unable to be accessed, resulting in loss of income. In...
Upgrading Indian Insurance Regulatory Framework
After 20 years of liberalisation, stage is set for larger reforms to leapfrog the Indian industry to the next level By C.L. Baradhwaj The Indian Insurance industry has crossed 20 years after privatisation. As per IRDAI’s Annual Report, insurance penetration for the...
Ukraine war and cyber resilience combine to temper global ransomware activity: Howden report
Shay Simkin, Global Head of Cyber, Howden, commented: “Market conditions remain difficult, but two potential tailwinds may help companies and insurance carriers as this year progresses. The first is off the back of more favourable ransomware trends following...
IUMI Asia Forum 2022 in Mumbai
Hosted by General Insurance Council, International Union of Marine Insurance(IUMI) to hold its Asia Forum 2022 in Mumbai during June 1-2, indeed a proud moment for the Indian insurance industry R Balasundaram As we take off our masks and say ‘Good riddance’ to...
Climate change: Threatening access to water and sanitation
And globally, each 1°C increase caused by global warming is projected to result in a 20 per cent reduction in renewable water resources, affecting an additional seven per cent of the population It is estimated that more than one third of the European Union will be...
Global economy: Scarcity triggers $1.6 trillion of GDP loss
Russia’s invasion of Ukraine and China’s Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs. Emerging nations could see more acute threats to energy and food security, like the ones already causing turmoil in...